ISLAMABAD: On Tuesday, the Executive Committee of the National Economic Council (ECNEC) authorised six projects, including the “Prime Minister’s National Programme for Solarization of Agriculture Tube Wells” that aims to aid the farming community and achieve national food security. The ECNEC meeting, presided over by Senator Mohammad Ishaq Dar, Minister of Finance and Revenue, gave the go-ahead for the solarization of tube wells in Punjab, Sindh, Khyber Pakhtunkhwa (KP), and Balochistan at a cost of Rs 377,236.275 million over three years. “For the fiscal year 2023–2024, Phase I of the project will cost Rs 90 billion, including Rs 30 billion from PSDP and an equivalent share from the province governments and beneficiary farmers. The project is to be executed by the Ministry of National Food Security through the Federal Water Management Cell (FWMC) and Provincial Departments...
Islamabad: In addition to the $3 billion StandbyAgreement with the International Monetary Fund (IMF), Finance Minister Ishaq Dar announced on Tuesday that the State Bank of Pakistan (SBP) has received $2 billion from Saudi Arabia. “This inflow has increased the forex reserves held by SBP and will accordingly be reflected in the forex reserves for the week ending July 14, 2023,” added Dar. The minister continued, “I offer our sincere gratitude to the leadership of the Kingdom of Saudi Arabia for their tremendous gesture and assistance by depositing the said deposit of $2 billion with the State Bank of Pakistan. I speak on behalf of the prime minister and army chief. Prime Minister Shehbaz Sharif also expressed his gratitude to Saudi Arabia and Crown Prince Mohammad Bin Salman for ensuring financial support to Pakistan....
ISLAMABAD:In response to the objections of PDM head Maulana Fazlur Rehman, senior Muslim League (N) leader and Federal Interior Minister Rana Sanaullah stated on Tuesday that no decision had been made in Dubai. Rana Sanaullah claimed in a statement that no decisions regarding seat changes or elections in Dubai had been made, only that politicians discussed the political situation together. He clarified that no such gathering was planned for Dubai. He declared, “Pakistan Muslim League-N has a clear and distinct stance on political problems. The interior ministry recommended holding the elections under a caretaker government. “Elections to all four provincial assemblies and the National Assembly should be held simultaneously. Assemblies shall be dissolved on completion of...
ISLAMABAD: The government aims to attract billions of dollars in investments from the Gulf Cooperation Council (GCC) nations into the nation’s food and agriculture industry, according to Prime Minister Shehbaz Sharif on Tuesday. He claimed that the GCC nations import $40 billion worth of agricultural and food products each year. According to Sharif, the action would be carried out with the Special Investment Facilitation Council (SIFC) in charge, and the necessary groundwork has already been done. He said that roughly $40 billion would be invested over the following four to five years in addition to the production of four million new employment. The prime minister mentioned that at the national seminar on agriculture and food security held Monday, he stressed the importance of revitalizing...
BEIJING: Prof. Ahsan Iqbal Chaudhary, Minister for Planning, Development, and Special Initiatives has said the China-Pakistan Economic Corridor (CPEC) is a significant project in the history of Pakistan-China relations that will benefit the Pakistani people economically and socially as well as contribute to regional connectivity and growth. During a meeting with Luo Zhaohui, chairman of the China International Development Cooperation Agency (CIDCA), he said these things. Senior Embassy officials including Chief Economist for the Planning Division, Dr. Muhammad Nadeem Javaid, were with him. Paying rich tribute to the leadership of the two countries for providing strategic guidance to the development of CPEC,...
ISLAMABAD:Dr. Ramesh Kumar Vankwani, Minister of State and Chairman of the Prime Minister’s Task Force on Gandhara Tourism, claimed on Tuesday that Pakistan is a secure destination for travellers who come to admire its stunning architecture. The minister welcomed the foreign delegates and academics who were in attendance at the country’s worldwide tourism conference while speaking at the Gandhara Symposium 2023. The worldwide symposium, according to Vankwani, will aid in promoting the nation’s potential for religious tourism. He predicted that religious and cultural travel would build relationships between many nations and communities. He stressed that the symposium will open up opportunities to emphasise the nation’s friendly reputation abroad. Dr. Ramesh Kumar also emphasized greater academic research, archaeological excavation, and dissemination of knowledge to uncover new sites to enrich our...
ISLAMABAD: Minister for Climate Alter and Enviornmental Coordination Senator Sherry Rehman Tuesday reported a breakthrough overhaul on securing an endorsement of US$ 77.8 million financing for the Recharge Pakistan project . The minister informed the masses...
Multan: MNS Agricultural University Multan, DHA Multan and Mango Research Institute concluded the ongoing three-day mango festival. On the third day of the mango festival,...
Chief of Army Staff General Asim Munir has assured Pakistan Army’s full support for all the initiatives being initiated under the ambit of Special Investment Facilitation...
Prime Minister Shehbaz Sharif has stressed that the government and relevant institutions will have to work together to trigger the second agriculture revolution in the country....
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